Wave analysis is nothing else but the "wave theory" of Ralph Nelson Elliot. The basic of this theory is an
assumption that the psychology of social behavior may be represented in the form of models.
The main goal of using pivots points – is the determination of the most important support and
resistance levels. Moreover, with the help of it, trader analyses the market mood in the time of the lateral
movement, as well as in the period of the Strong trend.
In this article we will speak about one of the methods of technical analysis which is now one of the most
popular among some traders – wave analysis. Let's consider the basis and the origin of this method in
When people start trading, they focus on searching the most profitable trading strategy. After the right
strategy has been chosen, traders usually think that they just have to apply it and the profit will come.
But there is one thing which traders usually forget about – trading plan.
For many years, people have been trading on the foreign exchange market, and in the beginning, the manual
method was the only way used in order to fulfill this. But since the technology has developed since that
time and there are a lot of people now who use the automatic trading on Forex.
Traders always think about the difference between Market and Instant execution. What execution type is
better to choose? Justforex offers its clients the Market execution of the orders to make the trading
process pleasant and comfortable.
These two terms are often heard on the Forex market. Scalping and pipsing are kinds of trading strategies
which are used by traders in order to make profits from the fluctuations of the currency courses within the
day. Such orders are conducted in a very short period of time, sometimes even in several minutes. When you
use this trading strategy your earnings from every order can be very small, but the whole profit can be high
enough because of the big amount of the orders.
Moving average not only allows to smooth the price charts, but also simplifies for traders the opportunity
to enter or leave the market on time, which is very important while trading on the volatile market. To
increase the delay, which is normal for simple moving average, traders on the currency market often use
exponential moving average (EMA).
Despite the fact that the name of the account is associating with the religion, the phrase "Islamic account"
is quite far from the religion. This type of accounts is provided for the Muslims, whose religion, or better
to say the law of the Sharia, forbids to work with the accounts, which Swap.
While looking for extra earnings in the Internet, each person tries to find the most profitable propositions
of the partnership programs. One can start with more simple tasks, while another one tries to move to the
more complex tasks immediately. But the aim is always the same – to get more knowledge in order to succeed
and to earn more.
Everybody knows about "Trading". It takes place daily in the life of people, even though they may not
realize this fact. But what is trading on the online financial market? What are its features?
To learn how to earn on the currency market and to become successful trader, you should follow rules of the
"Trading psychology" and also to understand, that you need to seek to create your own successful trading
Traders are constantly looking for a tool that will accurately indicate the time you need to enter into a
transaction to buy or sell. Regardless from the fact that all professional traders apply individual trading
strategies, that have been repeatedly proven, they are still constantly looking for simple methods to work
effectively on the Forex market.
The pending order strategy has gained big popularity among Forex traders. This situation was caused by the
high efficiency of such work tactic, which allows to reduce the psychological pressure on the market
participant and to open profitable positions in the situation of the sharp price changing.
As you know, every trade on the currency market is exposed to some level of risk. To reduce possible losses
and increase the profit, traders use some methods of the risk management.